This listing includes AI condition scoring, neighbourhood intelligence, and market valuation data — giving you a complete picture before you visit. Compare rental yield, price per square metre, and location strength against the broader Portuguese market to assess whether this property fits your investment strategy.
1-bedroom, 1-bathroom apartment of 65 m², energy rating G. Located Silves parish, Silves municipality, Faro district. Noteworthy features: This apartment includes an additional room that provides versatile usage options for home office or guest accommodations, and boasts a 25.38 m² private patio for outdoor enjoyment.
The valuation. The asking price of €239,000 sits €36,237 (17.9%) above the fair value of €202,763, indicating that the property is overpriced compared to market expectations.
Fair value modelled at €202,763 from 6 comparable sales in the area. Asking €239,000 sits €36,237 (17.9%) above — overpriced versus fair value.
Asking €239,000 versus the Silves, Silves, Faro area baseline of €181,044 (€2,785/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €181,044, adjusted for condition and micro-location, gives a modelled fair value of €202,763 (€3,119/m²), a €36,237 (17.9%) gap versus the €239,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Silves · 5da17a | Subject | €239,000 | €3,677 | — | 64 | 70 |
| Silves · 9388db | Active | €285,000 | €5,000 | 36.0% | 78 | 61 |
| largo dos Mártires da Pátria | Active | €280,000 | €2,887 | 21.5% | 72 | 68 |
| Silves · 03248f | Active | €255,000 | €2,684 | 27.0% | 72 | 71 |
| Silves · f5eafa | Active | €395,000 | €4,341 | 18.1% | 70 | 64 |
| Median comp | €282,500 | €3,614 | 1.7% | 72 | 66 |
Short-term vacation rental The 1-bed apartment in Silves is overpriced at €239,000, equating to a 17.9% gap from its fair value of €202,763. Given the seasonal nature of the tourism-centric economy in the Algarve, the gross yield of 4% does not justify this premium pricing. Buy-and-hold Investing in this property as a buy-and-hold strategy appears less attractive due to its valuation above fair value, which limits potential appreciation and return upside. With a score of 63/100 for condition and an average neighborhood score of 70/100, future capital growth prospects may be muted. Family rental Though the property could serve a family rental market, the current price suggests it is overpriced and less appealing for long-term tenancies. The combination of limited yield and competitive rental options may hinder stable demand in this region, impacting overall investment viability.
Economic Vulnerability With an economic stability score of 65/100, there is a risk that fluctuations in the local economy may affect property value and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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